Which of the following does NOT shift the aggregate demand curve?
A) a change in the money wage
B) a change in expectations about the future
C) a change in fiscal policy
D) a change in monetary policy
E) a change in foreign income
A
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Refer to Figure 7-4. With insurance and a third-party payer system, what price do doctors receive for medical services?
A) $25 B) $40 C) $55 D) >$55
When the price level is below the level at which the aggregate demand curve crosses the long run aggregate supply curve
A) total planned real expenditure will be lower than actual real GDP, and the price level will increase. B) there will be no price level change. C) there will be pressures that will lead to a shift of either the aggregate demand or the long run aggregate supply curves. D) total planned real expenditures will exceed actual real GDP, and the price level will increase.